Property Tax Fee-In-Lieu (Mississippi)

Last modified on February 12, 2015.

EZFeed Policy

Place	Mississippi
Applies to States or Provinces	Mississippi
Name	Property Tax Fee-In-Lieu (Mississippi)
Policy Category	Financial Incentive
Policy Type	Property Tax Incentive
Affected Technologies	Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy	Yes
Implementing Sector	State/Province
Program Administrator	Mississippi Department of Revenue
Primary Website	http://www.mississippi.org/index.php?id=498
Applicable Jurisdiction	Statewide but must be approved at municipal level
Last Review	2014-09-15
Information Source	http://www.dor.ms.gov/docs/policy_incentivebookfinal.pdf

Summary

The Property Tax Fee-In-Lieu allows for new or expansion projects in the state that have a private capital investment in excess of $100,000,000, a negotiated fee can be set that is paid in place of the standard property tax levy. This incentive is provided to encourage development with local communities and must be agreed to by the local board of supervisors and municipal authorities prior to being awarded. This negotiated fee may be awarded for up to 10 years, but cannot be less than one third of the property tax levy, including the property taxes assessed for school districts.

Policy Contact

Department	Mississippi Department of Revenue
Division	Department of Revenue
Address	P.O Box 1033, Jackson, MS, 39215 (mailing address)
Address 2	1577 Springridge Rd., Raymond, MS 39154 (physical address)
Phone	601-923-7700
Fax	601-923-7714
Email	N/A

Authorities (Please contact the if there are any file problems.)

Authority 1:	Mississippi Department Of Revenue